ICICI Prudential Mutual Fund has announced the grandfathering of two fund-of-funds schemes, the Passive Multi Asset FoF and Global Advantage Fund, effective January 27. This move bars new investments while allowing existing investors to remain. The decision stems from the schemes not fitting Sebi’s classification for multi-underlying fund-of-funds.
​ICICI Prudential Mutual Fund has announced the grandfathering of two fund-of-funds schemes, the Passive Multi Asset FoF and Global Advantage Fund, effective January 27. This move bars new investments while allowing existing investors to remain. The decision stems from the schemes not fitting Sebi’s classification for multi-underlying fund-of-funds. by Soban News (international And National News)
